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PoliticsRe: APC Wins Enugu North Senatorial District by Mankind2024: 11:58am On Jun 21
This serves as food for thought for Obi's supporters.
​You countered their arguments in exactly the right measure. It got to the point where one of them was even cursing voters who chose the APC. The reality we face today is that social media doesn't hold an INEC polling unit. Real voters have spoken loud and clear across Ekiti, Ondo, Enugu, Kano, and Kebbi states.

yinchar:
Thats why it’s called a democratic process

What is not sane to you, it’s sane to others

You have your one vote, use it wisely based on your sanity and stop critiquing others
BusinessRe: Photo Of Dangote, Rabiu, Otedola, Saraki On Rabiu's Yacht by Mankind2024: 9:28am On Jun 21
"Getting rich is not a matter of luck, talent, family background, or special connections. Instead, wealth can be achieved by following certain principles and ways of thinking that anyone can learn and apply"


https://www.youtube.com/watch?v=HI0hSoqKfWs?si=xjhdmyG_C8fGqtPH




Easylife1234:
God please pick my call too don't allow me to just come to this world without enjoying it
BusinessRe: Photo Of Dangote, Rabiu, Otedola, Saraki On Rabiu's Yacht by Mankind2024: 9:15am On Jun 21
A Lesson for the Readers
The lifestyles of billionaires are often remarkably simple.
It is not only our right, but our responsibility, to aspire to join their ranks.
Think like them. Act like them. Grow richer every single day.
Gone are the days when “your network is your net worth” was enough.
Gone too is the old saying that you are merely the average of the five people you spend the most time with.
The modern reality is sharper: you are the average of the five people you allow to influence you.

naptu2:
abdulsamadrabiu_asr



https://www.instagram.com/p/DZlR4nIM-VW/

From left to right) Femi Otedola (Chairman of First Bank), Aliko Dangote (President of Dangote Group), Dr Abubakar Bukola Saraki (former Senate President and governor of Kwara State), Abdulsamad Rabiu (Chairman of BUA Group) and Kashim Bukar Shettima (Chairman of Barbedos Group).
InvestmentI Sold My Favourite Stocks For The Dangote Refinery IPO. Weeks Later, The Market by Mankind2024(op): 4:16pm On Jun 20
I Sold My Favourite Stocks for the Dangote Refinery IPO. Weeks Later, the Market Crashed.
As a long-term, self-directed investor, I have never subscribed to the idea of taking profits simply because a stock has appreciated significantly or delivered exceptional returns. I prefer to allow my winners to run their full course.

This philosophy was inspired by Warren Buffett and the late Charlie Munger. One of the most valuable lessons I learned from them is that more wealth is often lost by selling great businesses too early in the name of "booking profits" than by patiently holding quality investments over time.

However, this time was different.

Everything changed following the media announcement of what many have described as the IPO of the decade — the anticipated Dangote Refinery IPO in early May 2026.

By mid-May, I had embarked on an intensive due diligence process to make a final investment decision on behalf of my family. After carefully reviewing the opportunity, I became convinced that I wanted to commit ₦100 million to the IPO.

At that moment, reality set in: I would need to liquidate some of my most cherished holdings.

The casualties were:

1. Zenith Bank
2. GTCO
3. NAHCO
4. NGX Group

Acting on that conviction, I executed the sales on 26 May 2026. I sold:

- Zenith Bank at an average price of ₦130
- GTCO at ₦139
- NGX Group at ₦147
- NAHCO at ₦192

The transactions generated net proceeds of approximately ₦42 million, which I later transferred into a Money Market Mutual Fund account. Combined with an existing ₦15 million I had already set aside as dry powder, I positioned myself for what I believed would eventually be a rare opportunity.

I often say that every prepared investor should have some cash available for the day when Mr. Market becomes irrational and decides to play Father Christmas.

What I never imagined was that Mr. Market's irrationality would arrive so soon.

I expected a market correction once the Dangote Refinery IPO formally opened for subscription. My thinking was simple: many investors would likely sell existing holdings to raise funds for participation in the offering. To avoid joining the crowd during that period, I decided to act early.

That was the primary motivation behind my decision.

I knew there would be some degree of asset dumping across the market, but I never anticipated that it would begin this early or unfold with such intensity.

Ironically, while reviewing my earlier write-up titled "The Dangote Refinery IPO and the Real Meaning of Opportunity Cost,"
https://www.nairaland.com/8672555/dangote-refinery-ipo-real-meaning

the market was already proving that preparation matters.
Let me be clear: I do not believe in timing the market.
What happened was largely a coincidence.
My preparations began because of my strong conviction that the Dangote Refinery IPO would be successful and heavily oversubscribed. I also do not subscribe to borrowing money to invest in shares. Instead, I chose to look inward, reallocate capital, and activate the velocity of my portfolio.
Fortunately, that decision did not disappoint me.

The lesson from this experience is simple: investors should act based on well-researched conviction and have the courage to trust their instincts when supported by sound analysis.

Yes, my portfolio is still experiencing the effects of the June 2026 ongoing market sell-off. However, the damage would have been significantly worse had I not reduced some positions and built some liquidity ahead of time in preparation for the IPO of the decade.

How is your portfolio faring in this market environment?

If I may leave readers with one thought, it is this:
Periods like this often create the foundations of generational wealth. This is the time to educate our family members and friends about investing in the Nigerian stock market. The ongoing market turbulence of June 2026 may eventually be remembered as one of the greatest wealth-building opportunities available to patient investors.
Bear markets do not last forever, just as bull markets do not last forever.

In the end, consistency remains the rule of the game. Combine consistency with discipline, patience, and sound judgment, and you will eventually witness the extraordinary power of compounding.

The prepared investor does not fear market volatility; he welcomes it as an opportunity.

InvestmentThe Only Industry Dangote Couldn't Dominate: The Rise And Fall Of Dangote Flour by Mankind2024(op):
The Limits of a Billionaire's Blueprint: The Rise and Fall of Dangote Flour Mills

The story of Dangote Flour Mills Plc (DFM) remains one of the most fascinating corporate case studies in modern African business history. It chronicles a rare instance where Aliko Dangote—Africa's most successful industrialist—entered a major market but failed to establish the dominance that characterized his ventures in cement, sugar, and other sectors.

What followed was a dramatic sequence of foreign investment, operational losses, a symbolic ₦1 buyback, and an eventual exit through a multi-billion-naira acquisition. For investors, the DFM saga highlights the realities of commodity markets, competitive dynamics, and the limits of industrial scale.

Corporate Evolution
Dangote Flour Mills emerged from the Dangote Group's strategic transition during the late 1990s from trading and import activities into large-scale manufacturing.

Key Milestones
Event| Details

Company Founded| 1999 – Commercial production of flour, semolina, and pasta commenced.

NGX Listing| February 4, 2008
IPO Price| ₦15.00 per share (1.25 billion ordinary shares offered)

Delisting| November 18, 2019
Final Acquisition Price| ₦24.00 per share
Total Transaction Value| ₦120 billion


Why Dangote's Formula Failed?

The Missing Monopoly Advantage.
Much of Dangote's success has been built on a powerful formula: heavy backward integration, economies of scale, and alignment with government industrial policy. This approach created formidable competitive moats in sectors such as cement and sugar.
The flour industry, however, presented a different reality.
Unlike cement, wheat is largely imported and tied directly to food security. Governments cannot easily allow a single company to dominate a staple food supply chain without creating political and economic risks. As a result, the regulatory protection that benefited other Dangote businesses was largely unavailable.
Without a structural moat, DFM had to compete in an open and highly contested market.

Fighting Established Players
The Nigerian flour industry was already dominated by experienced operators with decades of market knowledge and distribution strength.

- possessed an extensive distribution network and significant port infrastructure.
- and aggressively defended market share through pricing competition.

The result was chronic industry overcapacity, shrinking margins, and intense price competition. In an environment where competitors were equally capable and regulatory barriers were limited, scale alone was insufficient.


The Ownership Carousel: Tiger Brands to Olam
The operational history of DFM demonstrates how difficult it can be to manage a low-margin consumer business in a volatile emerging market.

Timeline

2012: Dangote sells a 63.35% stake to Tiger Brands for $190 million.



2015: Tiger Brands exits Nigeria and sells the stake back to Dangote for ₦1.



2019: Dangote exits completely through the sale of DFM to Olam International for ₦120 billion.


The Tiger Brands Experiment (2012)

Seeking exposure to Nigeria's growing consumer market, South African FMCG giant acquired a controlling 63.35% stake in DFM for approximately $190 million.

The acquisition reflected optimism about Nigeria's demographic growth and rising consumer demand. For Dangote, it was an opportunity to monetize the business at an attractive valuation.

The ₦1 Buyback (2015)

The investment quickly deteriorated.
Tiger Brands encountered fierce local competition, rising energy costs, foreign exchange pressures, and weakening profitability. After accumulating nearly ₦30 billion in losses and write-downs, the company decided to exit Nigeria.
In one of the most remarkable transactions in African corporate history, Tiger Brands transferred its stake back to Dangote for a symbolic ₦1, effectively absorbing substantial losses to eliminate further exposure.

The Olam Exit (2019)
After regaining control, Dangote spent several years restructuring operations and restoring stability.
By 2019, the business had become attractive to Singapore-based agribusiness giant , which already possessed significant grain-processing operations and supply-chain infrastructure across West Africa.
Olam acquired DFM for ₦24 per share, valuing the company at approximately ₦120 billion. The business was subsequently integrated into Crown Flour Mills, strengthening Olam's position in the Nigerian flour market.


Strategic Lessons for Investors
The Dangote Flour Mills experience offers several important lessons for investors evaluating businesses in emerging and frontier markets.

1. Not Every Industry Rewards Scale Equally

Operational advantages in capital-intensive industries such as cement do not necessarily translate into consumer commodity markets.

Cement benefits from localized production and high transportation costs that naturally protect domestic producers. Flour, by contrast, depends heavily on globally traded agricultural inputs and competitive retail distribution.

2. Distribution Often Matters More Than Capacity

Expanding production capacity without controlling distribution channels can weaken profitability, especially in industries already suffering from excess supply.

Market access frequently proves more valuable than manufacturing scale.

3. Regulatory Protection Is Not a Sustainable Moat

Businesses that depend heavily on tariffs, import restrictions, or government protection face structural risks when policy changes or competition intensifies.

Long-term competitive advantages must remain effective even in relatively open markets.

4. Exit Timing Is a Strategic Skill

Perhaps the most impressive aspect of the DFM saga was Dangote's capital allocation discipline.

- He sold at a premium during a period of strong foreign investor interest.
- He reacquired the business at virtually no equity cost when conditions deteriorated.
- He exited permanently through a high-value strategic acquisition after operational recovery.

The sequence illustrates a crucial investing principle: knowing when to exit can be just as important as knowing when to invest.


Conclusion

Dangote Flour Mills represents one of the clearest examples of the limits of industrial dominance. Despite the resources, reputation, and execution capabilities of the Dangote Group, the company struggled to overcome the structural realities of Nigeria's flour industry.

Ultimately, the story is not one of failure alone. It is a lesson in market structure, competitive dynamics, and capital allocation. It demonstrates that even the most successful business models have boundaries, and that adaptability, rather than scale alone, often determines long-term success.

NB:
My original article, with AI assistance used to improve clarity and presentation.

InvestmentFrom Market Leader To Delisting: The Dunlop Nigeria Story by Mankind2024(op): 7:33pm On Jun 18
From Market Leader to Delisting: The Dunlop Nigeria Story.
The story of Dunlop Nigeria Plc (later renamed DN Tyre & Rubber Plc) remains one of the most instructive case studies in the history of the Nigerian capital market.

Once a prominent industrial manufacturer that supplied a significant portion of Nigeria's tyre market, its long decline culminated on April 9, 2026, when the Nigerian Exchange (NGX) formally delisted the company after more than a decade of inactive manufacturing operations.

This is the story of how Dunlop collapsed, the warning signs investors could have identified, and the lessons current NGX investors can apply to avoid similar corporate pitfalls.

1. The Rise and Fall of Dunlop Nigeria

Established in 1961 as a subsidiary of the British Dunlop Group, the company evolved into one of Nigeria's leading tyre manufacturers. Following Nigeria's indigenization policies of the 1970s, ownership gradually shifted to majority Nigerian control.

In 1991, Dunlop pursued a backward integration strategy by acquiring a majority stake in PAMOL Nigeria Limited, securing a local source of natural rubber and strengthening its supply chain.

The company's turning point came in the mid-2000s. Encouraged by decades of market leadership, Dunlop invested more than $50 million—largely financed through bank borrowing—to construct a modern radial truck tyre manufacturing plant in Ikeja, Lagos.

However, the investment quickly became a burden. Faced with rising production costs, unreliable infrastructure, and growing competition from imported tyres, the company struggled to achieve sustainable profitability. By 2008, local manufacturing operations had ceased. Thereafter, Dunlop operated primarily as a tyre importer and distributor until its eventual delisting in 2026.

2. Management or Policy Failure: Who Bears Responsibility?

Dunlop's collapse was not primarily driven by corporate fraud or financial misconduct. Rather, it resulted from the convergence of aggressive capital expansion, adverse policy changes, and a challenging operating environment.

The Policy Shock

One of the most significant challenges emerged in 2006 when the Federal Government reduced tyre import tariffs from 40% to 10%.

The timing was particularly unfortunate. Dunlop had recently completed a major manufacturing investment predicated on assumptions about the competitive landscape. The tariff reduction increased the competitiveness of imported tyres and intensified pressure on local manufacturers.

The impact was industry-wide. Michelin exited Nigeria in 2007, while Dunlop attempted to continue operations but ultimately struggled to remain competitive.

Infrastructure Challenges

Tyre manufacturing requires a stable supply of electricity and industrial energy. During this period, inconsistent power supply and disruptions in gas availability significantly increased operating costs.

Like many Nigerian manufacturers, Dunlop became increasingly dependent on diesel-powered generation, eroding margins and reducing competitiveness.

Management's Strategic Miscalculation

While external factors played a major role, management decisions also contributed to the outcome.

The company financed a substantial long-term capital project using significant debt in an operating environment known for policy uncertainty and infrastructure constraints. The resulting leverage reduced financial flexibility precisely when market conditions deteriorated.

3. Warning Signs Investors Could Have Seen (2003–2007)

The eventual collapse did not occur overnight. Several indicators suggested that the business was under growing pressure.

Persistent Losses

Between 2003 and 2007, the company recorded recurring losses, signaling that its core operations were struggling to generate sustainable profitability.

Declining Production Efficiency

Despite investment in additional manufacturing capacity, production volumes and capacity utilization weakened. This suggested that market realities were not supporting the scale of expansion being undertaken.

Deteriorating Cash Flow

Operating cash flows came under increasing pressure, forcing greater reliance on borrowed funds to sustain operations and finance working capital requirements.

Regulatory and Industry Risks

Following the 2006 tariff reduction, management disclosed concerns regarding the impact on margins and competitiveness. For attentive investors, this represented a critical signal that the company's operating assumptions were changing materially.

4. How to Avoid a Future "Dunlop" in Your NGX Portfolio

Investors can reduce risk by identifying companies with structural vulnerabilities similar to those that undermined Dunlop.

Be Cautious of Debt-Funded Expansion:
Oando is still dealing with the financial impact of the $1.5B debt incurred in acquiring the Phillips-Conoco assets in 2014.
Large capital expenditure projects are not inherently negative. However, investors should pay close attention to how they are financed.

Businesses funding major expansion primarily through expensive short-term commercial debt may face significant financial strain if operating conditions deteriorate.

Monitor Energy Exposure

In Nigeria, energy costs remain a critical determinant of industrial competitiveness.

Companies that depend heavily on diesel generation or unreliable energy infrastructure may face persistent margin pressure. Investors should favour businesses with efficient energy strategies, captive power solutions, or diversified energy sources.

Apply the "Import Competition" Test

A useful question is:

Can an importer source and sell the same product more cheaply than the local manufacturer can produce it?

If the answer is yes, investors should examine whether the company possesses a durable competitive advantage through brand strength, distribution networks, intellectual property, economies of scale, or regulatory protection.

Watch Corporate Governance and Regulatory Compliance

Repeated delays in financial reporting, prolonged restructuring processes, or persistent regulatory sanctions should never be ignored.

Such issues often serve as early indicators of deeper operational or financial problems.

5. NGX Risk Assessment: Lessons for Today's Market

Predicting future delistings is inherently speculative. However, the pressures that contributed to Dunlop's decline remain relevant today.

Nigeria's business environment continues to be shaped by currency volatility, elevated energy costs, inflationary pressures, and relatively high borrowing costs. These factors place particular strain on highly leveraged manufacturing businesses.

Smaller Manufacturing and Consumer Goods Companies

Second-tier manufacturers with significant import dependence, weak pricing power, and limited access to capital face elevated risks.

Investors should closely monitor companies reporting persistent losses, deteriorating balance sheets, shrinking equity bases, or negative net asset positions.

Structurally Illiquid "Zombie" Stocks

Another area of concern is the existence of companies that remain listed but exhibit little operational or market activity.

Characteristics often include:

- Minimal trading volume.
- Prolonged failure to publish financial statements.
- Dormant or severely impaired operations.
- Limited ability to attract new investors or fresh capital.

Dunlop itself spent years trading at extremely depressed levels before its eventual delisting. While every situation differs, investors should be cautious when holding companies that exhibit similar patterns.

A useful rule of thumb is this: if a company has not produced timely audited accounts, has inactive operations, and lacks a credible turnaround plan, investors should carefully reassess the investment case.

Final Thoughts

Dunlop Nigeria's story is more than the tale of a failed company. It illustrates how even established market leaders can be undermined by a combination of policy shifts, infrastructure challenges, excessive leverage, and strategic miscalculations.

For investors, the lesson is clear: focus not only on earnings and valuation, but also on balance-sheet strength, cash flow quality, competitive advantages, and management's ability to navigate changing economic conditions.

In investing, avoiding permanent capital loss is often just as important as identifying the next winning stock.


NB:
This is my original article, with AI assistance used to improve clarity and presentation.

Investment"Dear Nigerian Parents: Your Children May One Day Ask Why You Didn't Invest In T by Mankind2024(op):
"Dear Nigerian Parents: Your Children May One Day Ask Why You Didn't Invest in the S&P 500"
Four years into my journey as a self-directed investor, one truth has become crystal clear to me: there is no market quite like the S&P 500.

Many markets around the world can deliver impressive returns. Some may even triple your investment over certain periods. Yet very few can match the unique combination of innovation, liquidity, resilience, transparency, and wealth-creation potential that has made the S&P 500 the benchmark of global investing.

The day I truly understood the power of the S&P 500, I asked myself a simple but profound question:
Why didn't my father invest in the S&P 500 when Nigeria was relatively prosperous?

The answer is straightforward. My parents' generation did not have access to the information, technology, and investment platforms available to us today. Investing internationally was difficult, expensive, and often inaccessible to ordinary citizens. They invested based on the opportunities they knew.

Our generation has no such excuse.
Today, with a smartphone and internet connection, an investor sitting in Lagos, Abuja, Kano, Port Harcourt, or a remote village can own shares in some of the most innovative companies in human history. The barriers have fallen, and the world has become a true global village.
That realization changed my perspective on wealth creation.

To ensure that my children never ask me the same question I asked my father, I have deliberately planted seeds of wealth for their future through regular investments in the S&P 500.

For many parents of previous generations, success was measured by different standards. The typical life goals were clear:
Get married.
Raise children.
Buy a Peugeot vehicle.
Build a house.
Acquire additional land.
Travel to London, Jerusalem, or Mecca.
Earn respect within society.
These were admirable achievements for their time.
However, the wealth equation has evolved.
In today's world, financial independence is no longer a luxury; it is a necessity. The rules of wealth creation have changed. The modern formula is remarkably simple:
Pay yourself first. Spend less than you earn. Invest the difference consistently. Avoid unnecessary debt. Ignore lifestyle inflation. Allow compounding to do the heavy lifting.
This timeless principle has transformed countless ordinary people into financially independent individuals.
The S&P 500 represents more than just an index. It is a collection of many of the world's most successful companies. It provides exposure to businesses that are shaping the future through artificial intelligence, cloud computing, healthcare innovation, robotics, cybersecurity, semiconductors, digital payments, and countless other technologies.

When you invest in the S&P 500, you are not merely buying stocks; you are buying a stake in human innovation and economic progress.
The index has survived world wars, recessions, financial crises, pandemics, political uncertainty, and technological disruptions. Yet it has continued to create wealth for disciplined long-term investors.

As we move deeper into the AI revolution and the Fourth Industrial Revolution, the importance of owning productive assets will become even more evident. The gap between those who own assets and those who merely consume products will likely widen.

The greatest gift many parents can leave behind is not a house, a car, or a piece of land.
It is financial freedom.
A child who inherits a portfolio of productive assets inherits opportunities, choices, and a foundation upon which to build an even greater future.
I am not a prophet, but I believe many children fifteen years from now may ask their parents:
"Dad, Mom, when the world gave everyone access to the greatest companies on earth, why didn't you invest?"
That question may become the equivalent of asking why previous generations ignored opportunities that later became obvious.
The future belongs to those who prepare for it.
For Nigerian parents today, investing consistently in the S&P 500 may not only be a smart financial decision, it may become one of the most important acts of love and responsibility they ever perform for their children.
The best time to plant a tree was twenty years ago.
The second-best time is today.
Happy Father's Day in advance to all Nigerian fathers as we look forward to celebrating on 21st June.

PoliticsHow The British Used Religion To Destroy Nigeria. by Mankind2024(op): 12:52pm On Jun 14
How the British Used Religion to Destroy Nigeria

History, they say, always repeats itself. The foundation of the divide-and-rule system, with the hatred and distrust that continue to bedevil Nigeria today, was planted by the late Lord Lugard. May his soul, and that of his descendants, never rest in peace.

Lord Lugard did an evil thing which the unborn generations of the Middle Belt and Southern Nigeria may never forget.

Following the conquest of Hausaland by invaders from Fouta Djallon in present-day Guinea, Lord Lugard ruled Northern Nigeria through district heads, most of whom were Muslims. He sent Christian missionaries predominantly to the Southern region, which led many of our ancestors to embrace Christianity. At the same time, he supported the Islamic settlers from Guinea, thereby empowering the Fulani elite who eventually overpowered and displaced the seven Hausa kingdoms.

The same method was repeated in Ilorin.

The core message of Usman dan Fodio was that taxation was evil, the rulers were corrupt, and the people's cultures were un-Islamic. Because of the undue advantages given to the ancestors of today's Fulani ruling class, they soon began to see themselves as the only people born to rule Nigeria.

While our parents in Southern Nigeria were busy hawking goods on the streets to train and educate their children throughout the 1960s, 1970s, 1980s, 1990s, and even into the early 2000s, many Fulani-dominated administrations in Northern Nigeria were busy building mosques while neglecting the welfare of the Hausa masses. They encouraged large families against a backdrop of widespread poverty and underdevelopment.

The result is what we are witnessing today: Boko Haram, Lakurawa, ISWAP, Maitatsine, heartless herdsmen, bandits, kidnappers, and numerous faceless and unidentified terrorists from Niger, Mali, Burkina Faso, Chad, and Senegal.

These are the kinsmen of Atiku Abubakar and Nasir El-Rufai. They are the same people who frustrated Goodluck Jonathan out of Aso Rock.

Imagine the audacity of the Fulani bandits who recently killed the retired Hausa General Rabe, all in the name of embarrassing President Tinubu.

Any attempt by the Fulani political establishment to rule Nigeria again within the next 50 years could spell total ruin and destruction for the people of the Middle Belt and Southern Nigeria.

The second jihad would be brutal.

Say no to Fulani domination. They are born to destroy.
Watch the video clip below.

https://www.facebook.com/watch/?v=1508984084345865&vanity=MayorMikeA


https://www.facebook.com/watch/?v=1508984084345865&vanity=MayorMikeA
PoliticsRe: Fulani Didn’t Start Kidnapping! Northern Elder Drops Shocking Statement, Exposes by Mankind2024: 11:44am On Jun 14
The jihadists meant business, the unfinished business of Uthman Dan Folio of Futajalon.
Watch the clip

https://www.facebook.com/reel/1508984084345865/?referral_source=external_deeplink&original_uri=https://www.facebook.com/share/v/1L6R6knH56/
InvestmentRe: The Stock I Bought For $530.5 Is Now Worth Thousands. by Mankind2024(op): 1:00pm On Jun 13
https://play.google.com/store/apps/details?id=app.northbound.prod




Glotrade:
Is it risevest or vested. I didn't see vest on playstore

InvestmentRe: The Stock I Bought For $530.5 Is Now Worth Thousands. by Mankind2024(op): 6:59am On Jun 13
There are numerous fintech apps available, but some of their fees are so excessive that they feel like daylight robbery.
VEST is also onboarding Nigerian investors, offering an alternative zero commission platform for accessing international investment opportunities.

cucumbar:
Please how can I purchase foreign stock from Nigeria ?
InvestmentRe: The Stock I Bought For $530.5 Is Now Worth Thousands. by Mankind2024(op): 6:53am On Jun 13
The rise of Micron Technology is not a pump-and-dump phenomenon. The company manufactures products that are in exceptionally high demand within the rapidly expanding artificial intelligence and data center sectors.
In my view, Micron Technology trading below $1,000 today still represents an attractive valuation.
In the equity market, your own conviction often matters more than the opinions of analysts. Time and again, the market has proven many experts wrong.

Take Samsung Electronics as an example. In August 2024, I purchased 1.3 units at approximately $910 per share. My decision was driven largely by personal conviction. I used a Samsung smartphone and a Samsung washing machine in my home, which gave me confidence in the company's products and brand strength. As Samsung continued to expand its presence in memory chips and storage devices, I became even more optimistic about its future prospects.
At the time, many pessimists were busy predicting an imminent AI bubble and an inevitable collapse. Today, the outcome speaks for itself.
It is not my responsibility to predict when the next market crash or speculative bubble will occur. My responsibility is to diligently allocate capital to businesses whose products, services, management, and balance sheets I understand and trust.
The seed I planted in Samsung Technology has grown far beyond my expectations. That initial investment is now worth more than $7,000.
Naturally, the journey has not been without volatility. The stock has experienced several significant fluctuations along the way, yet the underlying business has remained resilient.
Bull markets do not last forever, and neither do bear markets. What matters most is identifying quality businesses capable of continuing to win across market cycles. In the long run, exceptional companies tend to keep creating value regardless of whether the market is experiencing optimism or fear.



budaatum:
Every time I feel like posting about Micron I get to ask myself if I'm just jealous of you. Then I remember Alan Greenspan's Irrational Exuberance and Black Swans feel compelled.

PoliticsRe: Osa Director National Honour: Odinkalu Replies Obidient On NDC Secretary by Mankind2024: 5:28am On Jun 13
@FSBoperator,
Why do you want to give the Obedients a heart attack?
Obi is a distraction who can never become President of Nigeria. He is a pathological liar who could effortlessly pass a lie detector test. He switches political parties with the frequency of a commercial prostitute changing clients.
In my view, he is unfit to govern a political party, let alone a nation.
He left APGA and PDP under highly controversial and self-serving circumstances, moved to the Labour Party, left it in disarray, then moved to the ADC. Yet, some still blame Tinubu for his frequent, unstable, and unpredictable political journey.
Now, he appears set to destabilize the NDC as well.
Through all these episodes, however, Tinubu is somehow held responsible for Obi's intrinsic lack of leadership qualities.


FSBoperator:
These obidients do not really understand what life was under military rule .

Well, the saying good times make weak men and weak men create bad times is applicable to these ungrateful ignorant obidient fools who out of spite were calling on the military to seize power and end our democracy.

Their Obi whom they worship tiday was dining and winning under Abacha's govt as reward for his ignoble role in truncating the June 12 mandate .

Today is June 12 which is set aside to mark both democracy day and the date our transition to democratic rule was truncated by the military with assistance from characters like Arthur Nzeribe whom Obi was running errands for in his ABN.

It was even Obi that served the court order to the then NEC office in Abuja to halt the announcement of the results of the 1993 elections.

But for some reason some clowns today see Obi as their Messiah.

InvestmentRe: One Nigerian Just Earned ₦189 Billion Without Going To Work. (FULL STORY BELOW) by Mankind2024: 5:23pm On Jun 09
CareerRe: One Bitter Truth You Should Know As An Employee by Mankind2024: 4:40pm On Jun 09
BusinessRe: I Earn ₦500,000/month But I Am Poorer Than When I Was Earning ₦150,000 In 2019 by Mankind2024:
It was interesting reading your frustrations on Nairaland.

You are asking life some difficult questions today, but a time may come when life asks you even harder questions.

You chose the path of employment rather than self-employment or business ownership. By that choice, you accepted the reality of the "golden handcuffs" that often accompany a salary-dependent lifestyle.

If you understand that life is full of unequal advantages and that inflation is a persistent force that steadily erodes purchasing power, how much of your 2019 salary did you convert into dollars to protect its future value? Since you are familiar with comparing the naira to the dollar as a measure of inflation's impact, what steps did you take to shield your earnings from the silent thief called inflation?

Back in 2019, if you were earning ₦150,000 per month, how much of that income did you invest in productive assets or the capital market for the future?

From your narrative, I can reasonably infer that even if your salary were increased to ₦2 million per month today, it might not fundamentally change your financial situation. Higher income alone rarely solves financial challenges when wealth preservation and capital allocation are neglected.

We are all responsible for the decisions we make in life.

Life itself is an exchange. You exchange your time, skills, and energy for wages or a salary. You then exchange that salary with landlords, transport providers, food vendors, utility companies, and manufacturers of consumer goods.

The critical question is: what did you keep for yourself? did you ever pay yourself first?

You became aware of the Nigerian capital market and the Nigerian Exchange (NGX), yet you chose not to participate. Today, the same government that helped stabilize an economy facing severe fiscal challenges is being held solely responsible for your financial frustrations.

Meanwhile, millions of Nigerians are still competing to exchange their time and labour for a monthly income of ₦500,000—an amount that inflation steadily diminishes.

The lesson is simple: earning income is only one part of financial security. Preserving purchasing power, acquiring productive assets, and investing for the future are equally important. Those who ignore these realities often find themselves running harder each year merely to maintain the same standard of living.

https://youtube.com/shorts/qrXhw9OwGxU?si=Ah8Spe6zELqih5-v

Nairaland GeneralRe: Can Nigeria Tenants unite and fight against Landlords' Wickedness? by Mankind2024: 7:09pm On Jun 05
The National Union of Tenants of Nigeria (NUTN) is the primary NGO and umbrella trade union responsible for protecting housing and tenancy rights in Nigeria. It is affiliated with the International Union of Tenants and advocates for affordable rent, decent living conditions, and protection from arbitrary evictions.


essentialone:
Can Nigeria Tenants unite and fight against Landlords Wickedness?

InvestmentInvesting In Businesses, Not Tickers: My Journey To Financial Freedom by Mankind2024(op): 9:32am On Jun 05
Investing in Businesses, Not Tickers: My Journey to Financial Freedom.
When I first ventured into the world of investing, I carried with me a heavy bag of ignorance, tempered only by an unwavering determination to succeed. Like many beginners, I entered the market armed with enthusiasm but lacking the knowledge and experience necessary to navigate its complexities.
Today, the story is remarkably different.
Over the years, I have learned, unlearned, and relearned countless lessons from the market. Investing is a lifelong classroom where graduation never comes. Every market cycle, every bull run, every correction, and every mistake has contributed to my growth as an investor.
The days of investing through ignorance are behind me. Through discipline, patience, and continuous learning, I have built a modest ten-figure paper portfolio on the Nigerian Exchange (NGX) and remain firmly on course toward achieving a seven-figure net worth through my investments in the New York Stock Exchange (NYSE).
One of the most important lessons life and the market have taught me is this:
The equity market does not destroy investors. Fear and greed do.
The market itself is merely a mechanism for transferring wealth from the impatient to the patient. What often causes investors to fail is the spirit of self-sabotage, manifested through emotional decision-making, panic selling, herd mentality, and the inability to think independently.
Loss aversion is one of the most powerful psychological forces in investing. The pain of losing 10% is often felt more intensely than the joy of gaining 100%. This emotional imbalance causes many investors to sell their winners too early while holding on to their losers for too long.
An ideal investor buys businesses.
A speculator buys shares.
The distinction may appear subtle, but it is profound. Investors focus on ownership, fundamentals, competitive advantages, management quality, and long-term value creation. Speculators focus primarily on price movements, market noise, and short-term predictions.
Recently, I shared the story of my investment in Micron Technology. What began as an investment of approximately $530 has grown to over $5,250. While the returns are gratifying, what fascinates me most is the psychology surrounding such investments.
Many observers who know little about the business itself are often quick to suggest, "Book your profit."
Yet history repeatedly demonstrates that some of the greatest wealth destruction occurs not because investors hold quality businesses for too long, but because they sell them too early.

As the legendary investor, the late Charlie Munger, famously observed, more wealth has been lost by investors prematurely exiting exceptional businesses than through bear markets or market crashes.
The market has little regard for our emotions. It neither rewards fear nor sympathizes with anxiety. It rewards patience, conviction, and rational decision-making.

As I reviewed my NYSE portfolio recently, I was encouraged by the results. My self-selected portfolio has delivered a return of approximately 110.10%, significantly outperforming several widely followed benchmarks that I actively hold and track:
NASDAQ 100: 34.98%
S&P 500: 30.60%
BRK Class B Shares: 0.80%
Gold ETF: 47.38%

These figures do not represent perfection. They simply validate the effectiveness of a disciplined investment approach built on research, patience, conviction, and a measure of luck.

Luck, for the obvious reason that one can do everything right and still be punished by the market, while another can make mistakes and still be rewarded by it.

Most importantly, these results reinforce my belief that extraordinary returns are possible when investors focus on owning outstanding businesses rather than attempting to predict short-term market movements.

I am fully aware that markets move in cycles. Bull markets do not last forever, and neither do bear markets.
Therefore, I am not fearful of the next bear market. In fact, I welcome it.
A bear market is not an enemy to the prepared investor; it is an opportunity. It allows disciplined investors to acquire larger ownership stakes in great businesses at more attractive valuations.
When the next bear market eventually arrives, my objective will remain unchanged: to increase my holdings in carefully selected businesses and continue building a portfolio that tells a story, not merely of financial growth, but of impact, resilience, wisdom, and a more secure future.

In the end, successful investing is not about predicting tomorrow.
It is about positioning yourself to benefit from the next decade.
And that is precisely the story my portfolio continues to tell.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 2:10pm On Jun 04
FROM

Christianity EtcRe: Accelerate Conference Returns With Oyedepo, Jerry Eze, Nathaniel Bassey & More by Mankind2024: 5:35pm On Jun 02
As usual, it made the front page at the speed of light. Pastopreneurship is here to stay forever.
InvestmentInvestors Build Wealth, Traders Chase Momentum by Mankind2024(op): 8:13pm On Jun 01
Investors Build Wealth, Traders Chase Momentum

An investor is like a farmer who plants quality seeds today with the expectation of harvesting abundance tomorrow. Anyone who has carefully observed a successful farmer has already witnessed the mindset of a true investor.

Investing is rooted in discipline, patience, consistency, and delayed gratification. A genuine investor understands that wealth is rarely created overnight. Like a farmer nurturing crops through changing seasons, an investor allows time and compounding to perform their quiet miracle.

History is filled with investors who built enduring wealth through patience and long-term ownership of businesses.

Globally, legendary investors such as Warren Buffett, Charlie Munger, Peter Lynch, Benjamin Graham, John Templeton, Ray Dalio, and Howard Marks became respected not because they chased quick profits, but because they mastered emotional discipline and long-term thinking.

In Africa, names such as Jim Ovia, Tony Elumelu, Aliko Dangote, and Femi Otedola have become associated with strategic investments, enterprise building, and generational wealth creation.

An investor may choose to invest part-time or full-time, just as farming may be seasonal or lifelong. Regardless of scale, the principles remain the same: patience, emotional control, consistency, and the wisdom to think beyond the present moment.

A trader, however, often operates with a short-term mindset, constantly reacting to price movements, news cycles, fear, and greed. While trading can be profitable for a disciplined minority, many traders eventually discover that speculation without risk management can become financially and emotionally destructive.

History also provides painful examples.

Jesse Livermore, once regarded as one of the greatest traders in history, made and lost several fortunes speculating in the stock market. Despite periods of extraordinary success, repeated leverage, emotional pressure, and market speculation eventually led to bankruptcy and personal tragedy.

Nick Leeson, a derivatives trader whose unauthorized positions destroyed Barings Bank in 1995, became one of the most infamous examples of how uncontrolled speculation can collapse even historic financial institutions.

Bill Hwang, founder of Archegos Capital Management, lost tens of billions of dollars within days after highly leveraged positions imploded in 2021, shaking several major global banks in the process.

Victor Niederhoffer, once celebrated as a brilliant hedge fund trader, also suffered catastrophic losses after aggressive speculative positions wiped out years of accumulated wealth.

Even Long-Term Capital Management, managed by elite traders and Nobel Prize-winning economists, collapsed in 1998 due to excessive leverage and overconfidence, nearly destabilizing the global financial system.

These examples do not mean all trading is bad. Rather, they reveal the dangers of speculation without patience, discipline, and sound risk management.

The investor focuses on ownership, not noise. He grows alongside the businesses he believes in. He understands that temporary declines are often part of the journey, not the end of it.

A personal example reinforces this truth. An investment of $530 in Micron Technology appreciated to approximately $5,162 in less than 24 months at the time of writing this article. Such growth reflects the remarkable power of patience, conviction, and compounding.

Albert Einstein reportedly described compounding as the eighth wonder of the world. Whether or not the quote is historically accurate, the principle remains undeniable: small, disciplined investments made consistently over long periods can transform ordinary individuals into financially independent people.

The investor thinks like a builder of legacy. He understands that true wealth is not merely about present comfort, but about creating opportunities for future generations.

As the scripture says: “A good man leaves an inheritance to his children's children.” That timeless wisdom perfectly captures the philosophy of long-term investing.

Think like a farmer. Plant patiently. Nurture consistently. Allow time and compounding to work in your favor.

In the end, sustainable wealth is rarely built through impulse. It is cultivated through discipline, vision, patience, and endurance.

PoliticsRe: Isn't It Obvious The Opposition Are Behind This Insecurity? by Mankind2024: 5:53pm On May 31
It is obvious the Fulanis and their Emirs, politicians, the Atikus, the El-Rufais, the Malamis, the Modu Sheriffs, the Kwankwasos, the descendants of the caliphate are the known and unknown forces behind the insecurity in Nigeria.
PoliticsRe: NDC To Hold Independent Election Transmission In 2027 - Pat Utomi by Mankind2024: 2:30pm On May 31
After the 2027 election, Obi’s political antecedents suggest that he may eventually decamp to the ADC, a move that could ultimately cement his political oblivion.

LiteratureNiccolò Machiavelli: The Rise, Fall, And Final Irony Of History’s Most Misunders by Mankind2024(op): 12:19pm On May 31
Niccolò Machiavelli: The Rise, Fall, and Final Irony of History’s Most Misunderstood Political Thinker.

The Prince is fundamentally a manual on risk management, asset acquisition, strategic survival, and resource preservation. Though written for Renaissance rulers, its cold and pragmatic logic maps remarkably well onto modern investing, corporate leadership, and political statecraft.

Beneath its political language lies a timeless study of power, fear, ambition, incentives, leadership, deception, and human behavior. More than five centuries later, the book still influences presidents, investors, military strategists, corporate executives, and students of history.

Yet one of history’s greatest ironies remains this: the man who wrote so brilliantly about acquiring and preserving power ultimately died poor, politically rejected, and largely powerless.

Humble Beginnings

Niccolò Machiavelli was born on May 3, 1469, in Florence, Italy, during one of the most intellectually vibrant periods in European history — the Renaissance.

He was born into a respectable but financially struggling middle-class family. His father, Bernardo di Niccolò Machiavelli, was a lawyer and scholar with a deep love for books and classical literature, while his mother, Bartolomea di Stefano Nelli, was known for her religious devotion and literary interests. Though the family possessed noble ancestry, they lacked substantial wealth and often struggled financially.

Machiavelli grew up alongside his siblings in an environment shaped by education, discipline, religion, and intellectual curiosity. His father’s modest library exposed him early to the works of ancient Roman thinkers such as Livy, Cicero, and Tacitus — writers who would profoundly shape his political philosophy decades later.

Education and Intellectual Formation

Unlike many wealthy Florentine elites, Machiavelli did not receive an extravagant aristocratic education. However, he obtained a solid grounding in Latin, rhetoric, history, grammar, and classical literature.

His early education centered heavily on the humanities, particularly Roman history and political thought. While there is no strong evidence that he attended a university, his intellectual formation came largely through self-study, observation, diplomatic exposure, and practical political experience rather than formal academic institutions.

This distinction would later define his writings.

Unlike idealistic philosophers who theorized about how the world should function, Machiavelli wrote from direct observation of how power actually operated among kings, republics, generals, religious authorities, and rival states.

Marriage and Family Life

In 1502, Machiavelli married Marietta Corsini, a woman from a respected Florentine family.

Their marriage produced several children, including sons and daughters, and despite Machiavelli’s turbulent political life, historical accounts suggest that Marietta remained loyal and supportive throughout his many hardships. His letters occasionally revealed affection, humor, and concern for his family, offering a more human side to a man often portrayed solely as cold and calculating.

Although his political philosophy earned him a reputation for ruthlessness, his personal life reflected the ordinary struggles of a husband and father attempting to provide stability in uncertain times.

His Rise to Power

Machiavelli’s rise began in 1498, at the age of 29, when he was appointed Second Chancellor of the Republic of Florence following the downfall of the fiery religious reformer Girolamo Savonarola.

The role placed him at the center of Florentine diplomacy and state affairs.

For the next 14 years, Machiavelli traveled extensively on diplomatic missions across Europe, negotiating with kings, military commanders, popes, and political elites. He observed some of the most powerful figures of his age, including Cesare Borgia, King Louis XII of France, and Emperor Maximilian I.

These experiences became the laboratory from which his political theories emerged.

Among all the leaders he encountered, Cesare Borgia particularly fascinated him. Machiavelli admired Borgia’s decisiveness, strategic cruelty, political intelligence, and ability to consolidate power under chaotic conditions. Many historians believe Borgia became the closest real-life model for the ideal ruler described in The Prince.

During his years in office, Machiavelli also advocated for the creation of a citizen militia rather than relying on mercenaries, whom he viewed as unreliable and dangerous. His emphasis on institutional strength, military preparedness, and realism distinguished him from many political thinkers of his era.

The Fall

His political downfall came suddenly in 1512 when the powerful Medici family returned to power with Spanish support and overthrew the Florentine Republic.

Machiavelli was immediately dismissed from office.

Soon afterward, he was accused of participating in a conspiracy against the Medici government. He was arrested, imprisoned, and subjected to torture using the strappado — a brutal method in which a prisoner was suspended by ropes tied to the arms behind the back.

Although no evidence linked him to the conspiracy, he was eventually released after a general amnesty declared by the newly elected Pope Leo X, a member of the Medici family.

But freedom came at a heavy cost.

He was permanently excluded from political office and effectively exiled from the public life he loved.

Exile and the Birth of The Prince

Forced into political irrelevance, Machiavelli retreated to his small family farm in Sant’Andrea in Percussina, outside Florence.

There, in frustration and isolation, he began writing.

In a famous letter to his friend Francesco Vettori, Machiavelli described spending his evenings dressed in formal robes, entering his study, and conversing through books with the great thinkers of antiquity.

It was during this period that he wrote The Prince.

Contrary to popular belief, the book was not merely a celebration of tyranny or cruelty. It was partly an attempt to regain favor with the Medici family and return to public service. In essence, The Prince functioned as both a political analysis and a sophisticated job application.

Ironically, the strategy largely failed.

The Medici never fully trusted him, and the book brought him little financial reward during his lifetime.

His Final Years

In May 1527, the Medici were overthrown once again, and the Florentine Republic was restored.

Hoping for one final opportunity to serve his beloved Florence, Machiavelli rushed to offer his services to the new republican government.

But fate dealt him one final humiliation.

Because he had accepted minor assignments from the Medici in previous years, the republican leaders viewed him with suspicion and rejected his application.

The rejection devastated him emotionally.

Shortly afterward, he became severely ill with intense abdominal pains. Historical accounts suggest he attempted self-medication with medicinal powders and remedies he frequently used, but his condition deteriorated rapidly.

Niccolò Machiavelli died on June 21, 1527, at the age of 58.

He received the last rites of the Catholic Church and was buried in Florence’s Basilica of Santa Croce. For centuries, however, his grave remained unmarked until a monument was eventually erected in his honor.

Poverty and Historical Irony

Machiavelli died poor, leaving his family with little wealth and enormous uncertainty.

The steady government income that once sustained him had vanished after his dismissal in 1512. His writings generated almost no meaningful financial return during his lifetime, largely because modern copyright systems did not yet exist.

His family survived mainly through the modest income from their small farm.

In one of history’s most remarkable ironies, the man whose name became synonymous with political manipulation, strategic ambition, and the ruthless pursuit of power died without power, wealth, or political relevance.

Yet perhaps that is precisely why Machiavelli remains timeless.

He understood better than most that power is temporary, loyalty is conditional, institutions are fragile, and fortune can elevate or destroy a person with terrifying speed.

His own life ultimately became the greatest demonstration of the very principles he wrote about.

Centuries later, The Prince still endures — not because Machiavelli conquered the world, but because he understood it.s who theorized about how the world should function, Machiavelli wrote from direct observation of how power actually operated among kings, republics, generals, religious authorities, and rival states.

Marriage and Family Life

In 1502, Machiavelli married Marietta Corsini, a woman from a respected Florentine family.

Their marriage produced several children, including sons and daughters, and despite Machiavelli’s turbulent political life, historical accounts suggest that Marietta remained loyal and supportive throughout his many hardships. His letters occasionally revealed affection, humor, and concern for his family, offering a more human side to a man often portrayed solely as cold and calculating.

Although his political philosophy earned him a reputation for ruthlessness, his personal life reflected the ordinary struggles of a husband and father attempting to provide stability in uncertain times.

His Rise to Power

Machiavelli’s rise began in 1498, at the age of 29, when he was appointed Second Chancellor of the Republic of Florence following the downfall of the fiery religious reformer Girolamo Savonarola.

The role placed him at the center of Florentine diplomacy and state affairs.

For the next 14 years, Machiavelli traveled extensively on diplomatic missions across Europe, negotiating with kings, military commanders, popes, and political elites. He observed some of the most powerful figures of his age, including Cesare Borgia, King Louis XII of France, and Emperor Maximilian I.

These experiences became the laboratory from which his political theories emerged.

Among all the leaders he encountered, Cesare Borgia particularly fascinated him. Machiavelli admired Borgia’s decisiveness, strategic cruelty, political intelligence, and ability to consolidate power under chaotic conditions. Many historians believe Borgia became the closest real-life model for the ideal ruler described in The Prince.

During his years in office, Machiavelli also advocated for the creation of a citizen militia rather than relying on mercenaries, whom he viewed as unreliable and dangerous. His emphasis on institutional strength, military preparedness, and realism distinguished him from many political thinkers of his era.

The Fall

His political downfall came suddenly in 1512 when the powerful Medici family returned to power with Spanish support and overthrew the Florentine Republic.

Machiavelli was immediately dismissed from office.

Soon afterward, he was accused of participating in a conspiracy against the Medici government. He was arrested, imprisoned, and subjected to torture using the strappado — a brutal method in which a prisoner was suspended by ropes tied to the arms behind the back.

Although no evidence linked him to the conspiracy, he was eventually released after a general amnesty declared by the newly elected Pope Leo X, a member of the Medici family.

But freedom came at a heavy cost.

He was permanently excluded from political office and effectively exiled from the public life he loved.

Exile and the Birth of The Prince

Forced into political irrelevance, Machiavelli retreated to his small family farm in Sant’Andrea in Percussina, outside Florence.

There, in frustration and isolation, he began writing.

In a famous letter to his friend Francesco Vettori, Machiavelli described spending his evenings dressed in formal robes, entering his study, and conversing through books with the great thinkers of antiquity.

It was during this period that he wrote The Prince.

Contrary to popular belief, the book was not merely a celebration of tyranny or cruelty. It was partly an attempt to regain favor with the Medici family and return to public service. In essence, The Prince functioned as both a political analysis and a sophisticated job application.

Ironically, the strategy largely failed.

The Medici never fully trusted him, and the book brought him little financial reward during his lifetime.

His Final Years

In May 1527, the Medici were overthrown once again, and the Florentine Republic was restored.

Hoping for one final opportunity to serve his beloved Florence, Machiavelli rushed to offer his services to the new republican government.

But fate dealt him one final humiliation.

Because he had accepted minor assignments from the Medici in previous years, the republican leaders viewed him with suspicion and rejected his application.

The rejection devastated him emotionally.

Shortly afterward, he became severely ill with intense abdominal pains. Historical accounts suggest he attempted self-medication with medicinal powders and remedies he frequently used, but his condition deteriorated rapidly.

Niccolò Machiavelli died on June 21, 1527, at the age of 58.

He received the last rites of the Catholic Church and was buried in Florence’s Basilica of Santa Croce. For centuries, however, his grave remained unmarked until a monument was eventually erected in his honor.

Poverty and Historical Irony

Machiavelli died poor, leaving his family with little wealth and enormous uncertainty.

The steady government income that once sustained him had vanished after his dismissal in 1512. His writings generated almost no meaningful financial return during his lifetime, largely because modern copyright systems did not yet exist.

His family survived mainly through the modest income from their small farm.

In one of history’s most remarkable ironies, the man whose name became synonymous with political manipulation, strategic ambition, and the ruthless pursuit of power died without power, wealth, or political relevance.

Yet perhaps that is precisely why Machiavelli remains timeless.

He understood better than most that power is temporary, loyalty is conditional, institutions are fragile, and fortune can elevate or destroy a person with terrifying speed.

His own life ultimately became the greatest demonstration of the very principles he wrote about.

Centuries later, The Prince still endures — not because Machiavelli conquered the world, but because he understood it.

FamilyRe: At What Age Should a man Find His Feet In Life? by Mankind2024: 10:04am On May 30
Time does not go straight like a clear path, and life does not proceed straight like a gun barrel.
"Ìgbà ò lọ bí òréré, Ile- ayé ò lọ bí ọ̀pá ìbọn."
InvestmentRe: Where I Disagree With Charlie Munger And Warren Buffett by Mankind2024(op): 6:00pm On May 29
On paper ✔️
Looking forward to welcoming you to the club if you’re not there already. Otherwise, kindly watch the clips below.

https://youtube.com/shorts/3C1pnffz8wU?si=o0-Y126EFDAK1oYr

https://youtube.com/shorts/rFdlE6wLv1w?si=CsfEy6pWYacK4hte


Wealthyonos:
No, thank you. Happy investing. When you become a billionaire, maybe some people will take your advice.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 7:04am On May 29
I am sure you did not read my write-up and advice to retail investors on AccessCorp and UBA Plc.

https://www.nairaland.com/8667583/when-portfolio-crying-may-day

An investor has little to fear about AccessCorp and UBA Plc because of temporary selling pressure, price stagnation, or even concerns arising from the non-declaration of dividends by both companies.

At around N25 for AccessCorp and N45 for UBA Plc, both stocks are still trading at what I consider decade-level discounts.


nosa2:
I for vex for this post if not that I have finished buying Access.
InvestmentWhere I Disagree With Charlie Munger And Warren Buffett by Mankind2024(op):
WHERE I DISAGREE WITH CHARLIE MUNGER AND WARREN BUFFETT.

I remain an addicted student and follower of these legendary investors.
The investment principles I have learned from them are priceless. They have been a tremendous source of inspiration to me, and both my local and foreign portfolios reflect many of their teachings.
They consistently emphasized patience, time, discipline, and consistency, the essential ingredients required for the power of compounding to truly work. Without these qualities, an investment portfolio becomes like a pot of stew without salt or seasoning cubes from Nestlé or Unilever Nigeria, incomplete and lacking flavor.

However, despite my deep respect and admiration for these legends, there is one area where I respectfully disagree with them: diversification.

For decades, Charlie Munger and Warren Buffett warned investors against excessive diversification. Charlie Munger once described diversification as “protection against ignorance,” arguing that truly knowledgeable investors should concentrate their capital in a few exceptional businesses they deeply understand.

In their era, particularly during the 1970s, 1980s, 1990s, and early 2000s, that philosophy made a great deal of sense. Access to quality information was limited, markets were less transparent, and identifying exceptional businesses early could produce extraordinary long-term returns.

But in today’s modern investment environment, I believe a new concept has emerged: Intelligent Diversification.
To me, intelligent diversification is the closest thing to a “free lunch” in investing and compounding.

Warren Buffett often advises retail investors to simply buy index funds such as the S&P 500 and invest consistently over time. While I agree with the wisdom behind that advice, I chose to partially deviate from it by building an intelligently diversified portfolio consisting of:
27 individual stocks in the U.S. market
50 individual stocks in the Nigerian market.
The result, within less than three years, is that my portfolio has outperformed the:
NGX ASI
S&P 500
Nasdaq-100
Berkshire Hathaway
Gold ETFs
The strategy I use is what I call the Shield System.
The Shield System allows me to invest aggressively in high-risk, high-reward growth stocks while simultaneously protecting my portfolio with strategic “shields” such as:
The S&P 500 Shield
The Nasdaq Shield
The Berkshire Hathaway Shield
The Gold Shield
These shields provide stability during market turbulence and give me the emotional resilience to ignore short-term volatility while maintaining long-term discipline.
The reality is that intelligent investors in today’s VUCAD world (Volatility, Uncertainty, Complexity, Ambiguity and Disruptivity) must prepare for:
Green days
Red days
Black Swan events
Economic uncertainty
Market crashes and corrections
That is exactly what the shields are designed for.

Intelligent diversification is not diworsification which was first coined by Peter Lynch ( Diversification + Worse = Diworsification) when executed properly. It is strategic risk management combined with disciplined opportunity seeking.

In my opinion, concentration may build wealth, but intelligent diversification helps preserve and compound it sustainably in an unpredictable VUCAD world.
Would you consider using the Shield System?
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 1:58am On May 29
I agree with your advice to the OP.

The greatest barrier to success in the stock market is not volatility, stagnation, inflation, or even poor government policies. More often, it is the persistent fear and indecision among retail investors.

Seeking public validation and doubting one’s instincts after conducting proper due diligence can become a recipe for wealth transfer from impatient investors to patient ones.

The stories of AccessCorp and UBA Plc are no different. Many investors will voluntarily transfer wealth simply because they lack discipline, patience, and consistency.


chimex38:
One suggestion to take advantage of stagnant stocks you believe has future potential as against opportunity cost of better alternatives in the short-run is to keep keep buying more every month at that stagnation price range.

Rather than get frustrated about the long duration, target a certain volume you should have acquired by that duration.

That way, you're taking an advantage of what should be been a disadvantage. and you are performing an activity in the market not just waiting for it's rise.. It'd a way to support your patience.

In the next 10months to 1yr after stagnation(worst case scenario),
By the time it moves just 10-20%, the face value alone of such small movement go shock you.
You will realize you never really lost out(that much) compared to other opportunity cost. Cuz you got such huge volume at stagnation point while adding to it consistently at same price or below monthly.

Unless you don't want to add more to it or don't have that resource.

You can do as you please. wink
InvestmentRe: The Stock I Bought For $530.5 Is Now Worth Thousands. by Mankind2024(op):
Thanks for sharing the Wolf Street piece, it's a fair warning based on Micron's long history of brutal boom-bust cycles. No one disputes that memory stocks are volatile, and past spikes have often ended in 50%+ drawdowns.

That said, this cycle does look structurally different. After years of stagnation, Micron (in partnership with its NAND expertise via Western Digital/SanDisk ties) has delivered major breakthrough and advances in High-Bandwidth Memory (HBM) tailored for AI accelerators.
Hyperscalers have essentially overbooked their 2026 HBM supply with multi-year agreements and locked-in pricing, giving unusually strong forward visibility for a memory company.

https://finance.yahoo.com/news/micron-price-prediction-one-wall-142428431.html

https://www.investing.com/news/analyst-ratings/da-davidson-raises-micron-stock-price-target-on-memory-market-shift-93CH-4714741


Pessimists have been calling the "AI bubble" since 2022, yet real-world adoption keeps expanding across data centers, enterprise, and consumer applications.
Volatility remains part of the game, smart investors expect it and manage risk accordingly. But treating this as just another cyclical spike ignores the shift: AI infrastructure is becoming FOUNDATIONAL, not discretionary.

The geopolitical angle is real too. China is aggressively trying to catch up and localize, but the US and allies have tightened export controls and accelerated domestic innovation.
America appears to be playing this round more strategically.

I'm not saying blindly hold forever without watching valuation or signs of softening demand. Taking partial profits on massive winners like this is prudent.

But declaring "this time is the same" while ignoring sold-out order books, record margins, and exploding AI demand feels like missing the bigger secular shift.

This still looks like early morning in the AI buildout. Winners tend to keep winning until the fundamental thesis breaks.
What specific risks from the Wolf Street piece concern you most for the next 12-24 months?

budaatum:
I'd keep an eye out and take profit if it wobbles, if I had been as fortunate as you've been on the way up. Now I have to keep an eye on it to make money on its way down.

The stock has a history of collapsing by 50% to 98% after every spike, regularly falling below its Dotcom Bubble high. But this time is different?

https://wolfstreet.com/2026/05/27/micron-the-wtf-ai-mania-chart-of-the-year/
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 1:34am On May 29
Wrong place!!!!!!
InvestmentThe Stock I Bought For $530.5 Is Now Worth Thousands. by Mankind2024(op): 4:43pm On May 28
The Stock I Bought for $530.5 Is Now Worth Thousands. A Lesson Every Nigerian Investor Must Learn.

One timeless principle I have learned as a self-investor is this:
I think like a farmer because farmers always win in the end 🏆
The patience of a farmer is unmatched. A farmer plants today knowing fully well that the harvest will not come tomorrow. Anyone who truly understands this mindset is already ahead in the equity market.

Another personal experience shaped this belief even more.
In December 2024, I invested about $530.50 in just 5 units of Micron Technology (MU), one of the rising giants in the semiconductor industry and now among the new members of the US SWOOT category , stocks valued at over one trillion dollars.

Before investing, I did my research carefully, including using AI to ask questions like:

Which semiconductor or AI stocks have strong long-term growth potential?

Which companies are positioned to benefit from the future of AI and data centers?

After my findings and due diligence, I decided to invest in Micron Technology.
The journey was far from smooth. The stock experienced serious volatility, fear-driven selloffs, market uncertainty, and negative sentiment at different times. But I ignored the noise and stayed focused on the long term.

Today, Micron Technology trades at over $940 per share, on its way to $1000/unit.
I still have no intention of selling a winning stock that is only beginning to enter another phase of growth.

This was not luck. It was a calculated decision backed by patience, conviction, and long-term thinking.

In my opinion, one of the smartest and most legitimate ways to build a 10-figure net worth in Nigeria today is through the equity market, powered by consistency, discipline, patience, and time in the market, not timing the market.

My advice to aspiring self-investors is simple:
Do not constantly tamper with your winning stocks. A Winner will always keep winning.
Ignore the storms.
Ignore the excessive rain, the harsh weather, the weeds, the pests, and even the thieves, the herdsmen, the bandits?, and the kidnappers, these are challenges every farmer must endure before harvest season arrives.

The equity market is no different.
There will always be global crises, wars, inflation, recessions, pandemics, market crashes, tariff wars, temporary poor earnings, negative rumors, and periods when Mr. Market unfairly rejects good companies.

Stay the course.
Allow time and compounding to do their work. A winner will always keep winning.
Compounding does not make noise.
It only asks for one thing: patience.

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